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Aadhaar Enabled Payment System (AEPS) is a type of payment system that is based on the Unique Identification Number and allows Aadhaar card holders to seamlessly make financial transactions through Aadhaar-based authentication. The AEPS system aims to empower all sections of the society by making financial and banking services available to all through Aadhaar. AEPS is nothing but an Aadhaar-enabled payment system through which you can transfer funds, make payments, deposit cash, make withdrawals, make enquiry about bank balance, etc.
Why go searching for your bank when you have PayShop Merchant Point next door for all your banking needs? Aadhaar Enabled Payment Service (AEPS), uses Aadhaar Data and Biometric authentication instead of signature or debit card information of the customers and allows them to quickly Withdraw, Deposit and Transfer cash & also access bank statements without visiting their bank branch. So, instead of searching for an ATM or a bank branch, customers can visit their nearest PayShop Merchant Point and do all of these transactions using their Aadhaar Data and Biometric Authentication.